Australian Prime Property Fund Commercial managed by Lend Lease Investment Management entered into a binding agreement to acquire additional 25% stake in 1 Farrer Place from GPT Group (ASX:GPT) for approximately AUD 580 million on December 1, 2020. The transaction is expected to settle by mid-December. The proceeds from the sale will be reinvested by GPT into new opportunities including logistics acquisitions and the Group’s development pipeline. Australian Prime Property Fund Commercial managed by Lend Lease Investment Management completed the acquisition of additional 25% stake in 1 Farrer Place from GPT Group (ASX:GPT) in December 2020.